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Feb 23, 2013
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economy, big part of the michigan economy, the ohio economy, midwest economy, and they learned to diversify during the crisis. so they are just getting back started. they're just getting back to health. what are we going to do now? we'll yank the carpet out from under them. >> fema, too. if we're looking at these cuts on the state level and we have sandy and we have all of these things happening when a state gets hit, then what? >> it's interesting, this language of the economy just starting to heal, just coming back together, just coming -- just recovering after a disaster. it does feel like here we have a patient who we've nurtured back to sort of minimal health but instead of kind of continuing to nurture that, providing more medication, we're like well, good luck with that, i'm taking your walker and meds. >> before they got cancer, they had a weight problem. now we have taken care of the tumor and now we will staple their stomach, threaten to chop their tongue off if they don't agree to go on some crazy fad diet. this is insane. we don't have a fiscal crisis. we have a political crisis
economy, big part of the michigan economy, the ohio economy, midwest economy, and they learned to diversify during the crisis. so they are just getting back started. they're just getting back to health. what are we going to do now? we'll yank the carpet out from under them. >> fema, too. if we're looking at these cuts on the state level and we have sandy and we have all of these things happening when a state gets hit, then what? >> it's interesting, this language of the economy just...
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Feb 24, 2013
02/13
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an exaggeration. they will lose jobs. >> as the white house warns the sequester blame game has started. live with us secretary of transportation ray lahood who sounded a pretty loud alarm bell on friday. mr. secretary, good morning. good to have you here. >> good morning. >> you talked friday about a calamity in our air service system in america, a billion dollars in cuts that have to be made at the department of transportation, $600 million from the faa, 47,000 faa employees will need to be furloughed at least one day per pay period. is it still going to be safe for the american public to fly if this sequester goes forward. >> one thing we never compromise on is safety. we will never take a back seat to safety. safety will not be compromised. but we will have work with the airlines in slowing planes down. but there will be enough controllers to make sure planes are guided in and out of airports sa
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an exaggeration. they will lose jobs. >> as the white house warns the sequester blame game has started. live with us secretary of transportation ray lahood who sounded a pretty loud alarm bell on friday. mr. secretary, good morning. good to have you here. >> good morning. >> you talked friday about a calamity in our air service system in america, a billion...
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Feb 21, 2013
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we have never cut government jobs when we were trying to save the economy, until this time. and now that we are finally stumbling back from the depths of recession, we are still trying to cut government jobs. look at this, more than 70,000 government workers were canned when the recession began. the government sent 9,000 government workers home with a final paycheck, good luck, officer, see you around. so chart imitates life. we lionize and celebrate the people who fix the math, and rescue us from fires. we lionize and celebrate them justly as we should. and then in record numbers we can them, hurting them and us as a country. not every public sector worker is going to win the medal of valor like those at the white house today. but there is reason to appreciate them, both in the heroic and in the specific, and in the aggregate, for what they do for us every day. that does it for us, we'll see >>> good thursday morning. right now on "first look" -- the oscar pistorius murder investigation gets even more complex as the lead detective is facing multiple murder charges stemming
we have never cut government jobs when we were trying to save the economy, until this time. and now that we are finally stumbling back from the depths of recession, we are still trying to cut government jobs. look at this, more than 70,000 government workers were canned when the recession began. the government sent 9,000 government workers home with a final paycheck, good luck, officer, see you around. so chart imitates life. we lionize and celebrate the people who fix the math, and rescue us...
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Feb 19, 2013
02/13
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economists say the rapid increase poses a threat to our fragile economy. joining me now oil industry analyst cnbc contributor john killbuck, thanks for joining me. >> good to be here. >> i heard it's be the blend. we're getting ready to switch to the summer blend and this is why. is that a legitimate reason here? >> you know, normally in past years it would. there's a certain time of year where that's happening. but what's really happening here, the refining industry is doing what the airline industry is doing and that's reducing capacity really massively. we lost over a million barrels of refining capacity just to shutdowns over the last year now. >> why would they voluntarily do these shutdowns? >> believe it or not, they weren't making enough money for themselves and they decided to get out of the business. i'm fearful normally i can tell you why, it has to deal with cutbacks by opec. war issues. this time, it may be different. this time we may not see the price break in coming months that i'd expect to happen because of demand at the pump. with the ref
economists say the rapid increase poses a threat to our fragile economy. joining me now oil industry analyst cnbc contributor john killbuck, thanks for joining me. >> good to be here. >> i heard it's be the blend. we're getting ready to switch to the summer blend and this is why. is that a legitimate reason here? >> you know, normally in past years it would. there's a certain time of year where that's happening. but what's really happening here, the refining industry is doing...
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Feb 16, 2013
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the productivity and the economy is 100% greater. and the workers who aret the low-wage end are far more educated now than they were then. we have an economy that has not benefited most people over three decades. what is important about the minimum wage is that we need to start having standards where the employers are now competing gai against each other as to who can underpay their workers. >> yes. >> and provide and give the least of the workers. so one small employer may have minimum wage workers and when they raise the minimum wage, all of the other small employers in the same industry are going to have to pay the workers more. if one is hurt more than the other, it is because they are competing based on having lower wages. we need to have a labor standard, a wage floor. this is what i disagree with the president somewhat on this, and i think about it as christine owens does, because it is not a poverty thing, because we want to help the low-wage workers, but it is an adult working women's issue, and they live in families of 60th
the productivity and the economy is 100% greater. and the workers who aret the low-wage end are far more educated now than they were then. we have an economy that has not benefited most people over three decades. what is important about the minimum wage is that we need to start having standards where the employers are now competing gai against each other as to who can underpay their workers. >> yes. >> and provide and give the least of the workers. so one small employer may have...
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Feb 20, 2013
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they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> people standing with the president today are among those who will directly impacted by congress if they refuse to act. >> emergency responders, like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. border patrol agents will see their hours reduced. fbi agents will be furloughed. federal prosecutors will have to close cases and let criminals go. air traffic controllers and airport security will see cutbacks, which means more delays at airports across the country. >> and it doesn't stop there. we're talking thousands of teachers who are going to be laid off across america. there will be cuts to primary health care for hundreds of thousands of americans. preventative care, like cancer screenings are also going to be hit and taken off the list. i mean cuts to the military are also going
they will hurt our economy. they will add hundreds of thousands of americans to the unemployment roles. this is not an abstraction. people will lose their jobs. >> people standing with the president today are among those who will directly impacted by congress if they refuse to act. >> emergency responders, like the ones who are here today, their ability to help communities respond to and recover from disasters will be degraded. border patrol agents will see their hours reduced. fbi...
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Feb 21, 2013
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they'll hurt our economy. they'll raise the unemployment rate, and the reason is because congress has not been able to compromise on a deficit reduction package that's more sensible. >> joining me now michelle ber in order, democratic strategyist, patty doyle, and my nbc colleague at the white house, kristen walker. welcome all. kristen, i want to put up the map of, we'll show you everybody where the president spoke yesterday in these local interviews, from boston. there was definitely a pattern here, honolulu, big military town. they clearly believe this p.r. strategy's going to work even because they say it worked the last time, right? >> right. that is the strategy, to put public pressure on congress to get something done, but at this point in time, it doesn't seem like it's working. right, not scheduling meetings, haven't had any read-outs of any meetings, trying to get a sense of if that's going to come. doesn't seem like the president's going to be picking up the phone at this point in time. it does seem
they'll hurt our economy. they'll raise the unemployment rate, and the reason is because congress has not been able to compromise on a deficit reduction package that's more sensible. >> joining me now michelle ber in order, democratic strategyist, patty doyle, and my nbc colleague at the white house, kristen walker. welcome all. kristen, i want to put up the map of, we'll show you everybody where the president spoke yesterday in these local interviews, from boston. there was definitely a...
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Feb 21, 2013
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let's cut $85 billion out of the hide of the economy. let's remove hope from the country, maybe risk a second dip because it all helps the republican party and the ideology of lower government, less government. your thoughts. >> well, i doubt you read that they said well, you know, let's take hope out of the country and ruin the economy. but i get your point. what i find interesting in your argument, chris, is that you seem to overlook the fact that you have just as many democrats out there screaming the same thing on the left starting with someone like howard dean. you're also overlooking the fact that this whole idea of sequestration emanated out of the economic team of the white house. >> whoa, whoa, whoa. what office does howard dean hold right now? >> i'm saying you're pointing and saying this is just republicans talking about this. you have democrats in the senate and the house. you have democrats outside of the senate and the house who feel the same way, that maybe this is a moment that pushes both of these folks, the white house
let's cut $85 billion out of the hide of the economy. let's remove hope from the country, maybe risk a second dip because it all helps the republican party and the ideology of lower government, less government. your thoughts. >> well, i doubt you read that they said well, you know, let's take hope out of the country and ruin the economy. but i get your point. what i find interesting in your argument, chris, is that you seem to overlook the fact that you have just as many democrats out...
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Feb 17, 2013
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>> this is absolutely an economic economy. the president and congress -- the president, it seems clear. he wants to act on climate change. there will be a lot of cost benefit analysis that has to be made over the economy. one thing we may see is the president moving forward on epa regulations on coal plants signaling that as this is flexing executive authority and taking action on climate change, but we may see a tradeoff. moving on that and approving the keystone pipeline as well. we will see the president trying really hard to weigh in and taking action on climate change, but trying not to harm the economy in the short-term. >> coral davenport in d.c. thanks. >>> he pulled the trigger on osama bin laden. now two years later, one of the most war decorated hero is facing a future without much help from the military. clump cre . big green brush, curved to crush. 200% more volume. zero clumps. new clump crusher from easy, breezy, beautiful covergirl. i just served my mother-in-law your chicken noodle soup but she loved it so muc
>> this is absolutely an economic economy. the president and congress -- the president, it seems clear. he wants to act on climate change. there will be a lot of cost benefit analysis that has to be made over the economy. one thing we may see is the president moving forward on epa regulations on coal plants signaling that as this is flexing executive authority and taking action on climate change, but we may see a tradeoff. moving on that and approving the keystone pipeline as well. we...
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Feb 24, 2013
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we are in part where our economy is not recovered from a tremendous recession. where the president rightly used, as an opportunity to try to rebuild the economy, invest in renewable energy, which is incredibly important. now, trying to figure out how in the context of incredible, real pain that real people are feeling on the job market, most of how people are seeing keystone is in this frame of jobs. jobs, jobs, jobs. >> you end up with 69% of the people supporting. >> the part of the conversation that's not happening to your point about information is if we invest, it's 1.9 million jobs compared to 20,000 keystone will create. what are the jobs going to produce in terms of our communities? i would rather see the energy that ensures our kids aren't getting cancer and asthma rates are not increasing and that, you know, one of the biggest contributors to the deficit is health care costs. when you think of the big problems we are trying to solve in the country, we are not talking about whether or not keystone is good or bad for 20,000 jobs. the impact on health, co
we are in part where our economy is not recovered from a tremendous recession. where the president rightly used, as an opportunity to try to rebuild the economy, invest in renewable energy, which is incredibly important. now, trying to figure out how in the context of incredible, real pain that real people are feeling on the job market, most of how people are seeing keystone is in this frame of jobs. jobs, jobs, jobs. >> you end up with 69% of the people supporting. >> the part of...
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Feb 22, 2013
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let's cut $85 billion out of the economy. let's remove hope from the country. i doubt that you read that it said take hope out of the country and ruin the economy. but i get your point. what i find interesting in your argument, chris, is that you seem to overlook the fact that you have just as many democrats out there screaming the same thing on the left. starting howard deem. also, the whole idea of sequestration emanated -- >> what office does howard dean own? >> i'm just saying. you're pointing and saying. >> it pushes both of these folks -- >> i'm sosh ri. i just want to check your facts. what democrats holding office in the congress want to see sequestration. >> the ones who voted for it. starting with them. you mean this whole thing got passed just on republican votes? >> it was called kicking the can -- >> are you kidding? >> i'm going to ask you again, do you believe right now there are any democrats in the house or senate who want to see sequestration? >> yes. >> name one. >> there have been folks on the record, chris. i can't name one off -- >> just o
let's cut $85 billion out of the economy. let's remove hope from the country. i doubt that you read that it said take hope out of the country and ruin the economy. but i get your point. what i find interesting in your argument, chris, is that you seem to overlook the fact that you have just as many democrats out there screaming the same thing on the left. starting howard deem. also, the whole idea of sequestration emanated -- >> what office does howard dean own? >> i'm just saying....
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Feb 20, 2013
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one last point, thomas, i think our economy is poised to finally take off if the government would just get out of the way and stop manufacturing these crises every month or three months or six months. and it isn't rocket science and something that has to be done. i hope the president going over the heads of congress and appealing to the american people will put the pressure on the gop to come to the table and gri gr reasonable compromise. >> we want to bring in our power panel. political editor for the grio and republican strategist alice stewart. great to have you all here. i want to start off with what we know about the president reaching across the aisle, not so much about the sequester but immigration. we watched during that sequester remark statement by the president where he said his door is always open. and then made phone calls in the afternoon to part of the immigration eight, three of the republicans on that panel, we've got mccain, rubio and lindsay graham. it's interesting because marco rubio is overseas in the middle east. ali alice, marco rubio has said he feels good abou
one last point, thomas, i think our economy is poised to finally take off if the government would just get out of the way and stop manufacturing these crises every month or three months or six months. and it isn't rocket science and something that has to be done. i hope the president going over the heads of congress and appealing to the american people will put the pressure on the gop to come to the table and gri gr reasonable compromise. >> we want to bring in our power panel. political...
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Feb 19, 2013
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. did you know not all fiber is the same? citrucel is different- it's the only fiber for regularity that won't cause excess gas. it's gentle and clinically proven to help restore and maintain regularity. look for citrucel today. >>> we're back. we've now all heard the sorry of oscar pistorius, the inspiring double amp tee olympic athlete being held for killing his girlfriend down in south africa. the blade runner as he's called has been charged with murdering his 30-year-old model girlfriend reeva steenkamp in the early morning hours of valentine's day. pistorius was in court again today pleading innocent. prosecutors said it was premeditated murder. fans were stunned when they heard about the incident, stunned their hero
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. did you know not all fiber is the same? citrucel is different- it's the only fiber for regularity that won't cause excess gas. it's gentle and clinically...
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Feb 16, 2013
02/13
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these are the jobs that growing in our economy. you know. the good paying jobs of yesterday have gone and a lot of them are not coming back. the public sees all of this. and so they -- that's why they support raising the minimum wage by so much. where is the opposition? you know. it is with lawmakers. >> also, interest groups. >> yes. let me say i was doing a lot of reading on minimum wage and sort of where people fall on this. i could probably, you know, yesterday i saw -- talking to an economist who was telling me -- he's not really republican or democrat. he was just -- telling me that when you raise the minimum wage, then inflation goes up. then you raise the minimum wage and inflation goes up and you raise the minimum wage. i said well, how does that affect -- well, let's sma one working at mcdonald's, minimum wage, they pass the, you know, price on to the consumer. so -- again, i can -- we can probably get, you know, 50 economists on either side telling us why it is good or bad. then also businesses like you say -- >> you won't get a b
these are the jobs that growing in our economy. you know. the good paying jobs of yesterday have gone and a lot of them are not coming back. the public sees all of this. and so they -- that's why they support raising the minimum wage by so much. where is the opposition? you know. it is with lawmakers. >> also, interest groups. >> yes. let me say i was doing a lot of reading on minimum wage and sort of where people fall on this. i could probably, you know, yesterday i saw -- talking...
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Feb 22, 2013
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it's going to slow down the economy. you've got democrats -- you've got the president running around because he only knows how to do one thing, ask for higher taxes. he's leading with the taxes. we've got to raise more taxes. it's the rich, it's the corporations, tax, tax, tax. i thought we had this debate before. democrats don't seem to understand that taxing americans dampens the economy, hurts small businesses, hurts a lot of americans. republicans don't seem to understand that massive unfocused cuts right now are going to slow down the economy and hurt americans, too. >> you seriously have to wonder whether anyone in washington, in the house, in the senate, in the white house, in the administration, republican, democrat, do they ever go outdoors? do they ever see what happens every day to ordinary americans? people who have been getting crushed economically for the past 10 or 15 years are now getting crushed again, doubly so. the payroll tax has been eliminated. have you checked out the price of gasoline over the pas
it's going to slow down the economy. you've got democrats -- you've got the president running around because he only knows how to do one thing, ask for higher taxes. he's leading with the taxes. we've got to raise more taxes. it's the rich, it's the corporations, tax, tax, tax. i thought we had this debate before. democrats don't seem to understand that taxing americans dampens the economy, hurts small businesses, hurts a lot of americans. republicans don't seem to understand that massive...
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Feb 18, 2013
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republicans overall criticism is that the president doesn't lead, the president doesn't lead on the economy, the president doesn't lead on immigration. the president doesn't lead on gun control if you will. when the president does take action, action that he telegraphed verbally saying if congress doesn't do something, i am going to step in and do something, they criticize him for taking the steps to jump into a position to lead on an issue that he cares about that a lot of other people care about. thomas, if the immigration panel in the senate falls flat as we have seen happen many times in congress, come up with gangs and try am to come up with plans and nothing happens. if the immigration gang falls flat, the president would be in a position to step in and say, here, here is the plan, republicans want to say to the president playing politics with this and i think the president is trying to get something done. >> jonathan, if he was going to lead, then you wouldn't leak the document, you would say here is my bill. >> i think the most important thing -- >> the fact it wouldn't come out of
republicans overall criticism is that the president doesn't lead, the president doesn't lead on the economy, the president doesn't lead on immigration. the president doesn't lead on gun control if you will. when the president does take action, action that he telegraphed verbally saying if congress doesn't do something, i am going to step in and do something, they criticize him for taking the steps to jump into a position to lead on an issue that he cares about that a lot of other people care...
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they know that cuts that deep in reality would hurt the economy. if mitt romney were president, they would not be taking that position, i bet you dollars to doughnuts and they would be extending the deficit out just like they are crying that the democrats are doing now. so -- >> so why make that their position? >> why make that your position you now? >> well, because it's politically easy for them to do it. if they had the responsibility of governing and of running the economy, there's no way they would be saying let's balance the budget with cuts only in ten years. they know that was an economic loser. >> daily beast, newsweek, good to see you sir, thank you. >> my pleasure. >> immigration issues, tea party loyalists and the bushes in the backdrop, all roads right now seem to lead to texas in a politico story friday it was written, when it comes to politics, boelth present day battles and future trends, ground zero, the fastest growing of the states, texas. why are things heating up in texas right now? joining me, newly elected democratic congress
they know that cuts that deep in reality would hurt the economy. if mitt romney were president, they would not be taking that position, i bet you dollars to doughnuts and they would be extending the deficit out just like they are crying that the democrats are doing now. so -- >> so why make that their position? >> why make that your position you now? >> well, because it's politically easy for them to do it. if they had the responsibility of governing and of running the...
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Feb 20, 2013
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it's not just the economy that will suffer from the looming cuts next week. that's march 1st. national security will as well, and it's seriously at risk. >> already the threat of these cuts has forced the navy to delay an aircraft carrier that was supposed to deploy to the persian gulf, and as our military leaders have made clear, changes like this, not well thought through, not phased in properly, changes like this affect our ability to respond to threats in unstable parts of the world. >> governor rendell, i just wonder what you think would be the situation, the scenario, if it comes to this. we pick up our paper someday, and the newspaper said, carrier group can't make it to persian gulf for lack of funding. i mean, i just wonder if we're ready to face something -- i don't think we ever faced that in world war ii, in korea, in vietnam where we're unable to fight the wars we're in. >> chris, overall it's an incredibly bad situation for the country, and we can argue over who deserves the blame for this, and there's probably blame to go around, but right now the republican par
it's not just the economy that will suffer from the looming cuts next week. that's march 1st. national security will as well, and it's seriously at risk. >> already the threat of these cuts has forced the navy to delay an aircraft carrier that was supposed to deploy to the persian gulf, and as our military leaders have made clear, changes like this, not well thought through, not phased in properly, changes like this affect our ability to respond to threats in unstable parts of the world....
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>> on thursday, the president was in georgia where he visited a public preschool that he sited as a role model for early education. he made the stop in part to promote one of the proposals he made in the state of the union address to make preschool available to moderate to low income families, which brings me to the number seven. >> every dollar we invest in childhood education is save $7 later on. >> yes, seven is the number that comes from the study done by james and his colleagues at the university of chicago who found, in fact, for every dollar spent on early childhood development, there's a 7% to 10% return per year on that early investment. it's not ju
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ >>> on thursday, the president was in georgia where he visited a public preschool that he...
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Feb 21, 2013
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sales start in seven years and now "the washington post" is asking if walmart is freaking out about the economy should the rest of us? we'll pose that question to cnbc's tyler mathson. >>> plus -- >> couples are xhited, they ought to have the same sort of rights that everyone has. >> former first lady laura bush promoting marriage equality and says she wants to be taken off that ad. it's one of the things we thought you should know. >>> joann and christie created cute, homemade decorations for their daughters' school lockers. when other kids said they wanted them, too, they created locker looks. i wouldn't change anything about the last 10 years except what it's done to my hair, so i'm doing something new. new age defy from pantene. it's a system with pro-vitamins and caffeine. 7 signs of aging hair, like dryness and damage, virtually disappear to make hair act up to 10 years younger. new age defy, including advanced thickening. winner of an allure best of beauty breakthrough award. pantene expert collection. but i'm still stubbed up. [ male announcer ] truth is, nyquil doesn't unstuff your nos
sales start in seven years and now "the washington post" is asking if walmart is freaking out about the economy should the rest of us? we'll pose that question to cnbc's tyler mathson. >>> plus -- >> couples are xhited, they ought to have the same sort of rights that everyone has. >> former first lady laura bush promoting marriage equality and says she wants to be taken off that ad. it's one of the things we thought you should know. >>> joann and christie...
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Feb 19, 2013
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if you combine that with health care, saving the economy, i think that would be big -- >> and also -- >> he's done equality, doma, getting rid of that, getting rid of the don't ask don't tell, pushing towards pretty much equality in marriage all the way, almost there, and then health care, of course, historic because every democrat since truman -- since roosevelt has been trying to do it. >> he grades himself on a tough curve. i remember when i visited him in his senate office years ago. the pictures he had on the wall were gandhi, lincoln, muhammad ali, and thurgood marshall. >> where was hannibal? >> hannibal wasn't there. but thurgood marshall was there, ali was there, gandhi was there, lincoln was there. that's the way he thinks of himself, and i think he's going to strive very hard to reach those goals that joy talked about. also more prosaically, he's got to make sure health care gets properly implemented. because if it doesn't -- and it's moving in his direction. >> right. >> and he plays -- you know, he's patient. one of the things about this president he'll always be known fo
if you combine that with health care, saving the economy, i think that would be big -- >> and also -- >> he's done equality, doma, getting rid of that, getting rid of the don't ask don't tell, pushing towards pretty much equality in marriage all the way, almost there, and then health care, of course, historic because every democrat since truman -- since roosevelt has been trying to do it. >> he grades himself on a tough curve. i remember when i visited him in his senate office...
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Feb 18, 2013
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but we're going to see this reflect in the markets and see this reflect in the economy if this does happen, and then you're going to have more finger-pointing. >> mark, your fix-a-debt, are they going to come down hard on congress, even if it's the republicans, if they believe the republicans are walking away from a deal? >> we should be pushing both sides for a deal because it's going to take both sides to get the deal done. but when tom friedman in the new york times and the washington post says had the $1.5 trillion that the president is talking about is not enough, is really isn't tax reform. so i think you're seeing a growing crescendo and this will crowd it every issue if we don't address it. >> you heard the white house say this weekend, when denis mcdonough went out and said you cannot raise the age in medicare because it's a cost-shifting not a cost-saver. >> that's because, if you raise it to 67, the 65-year-olds, many of them are healthy, medicare isn't spending a lot of money on them. if you move up to 67, you're ending up having to, you're not seeing a lot of saving in revenue
but we're going to see this reflect in the markets and see this reflect in the economy if this does happen, and then you're going to have more finger-pointing. >> mark, your fix-a-debt, are they going to come down hard on congress, even if it's the republicans, if they believe the republicans are walking away from a deal? >> we should be pushing both sides for a deal because it's going to take both sides to get the deal done. but when tom friedman in the new york times and the...
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Feb 21, 2013
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the economy's upside down down right now. we're in negative growth this last quarter. >> it's really a bad idea right now to do this thing. and also as they were saying, it's deliberately written i guess to make it ridiculous so that you can't say let's take out one of our stupid tank programs we don't need. you can't do that. >> but that doesn't seem to be inspiring action. i mean, i asked what are they -- what's the alternative? i'm sure that they've been working with members of congress to come up with an alternative to this. i didn't -- i hear, oh, there should be one. >> yeah. >> but i don't hear any. >> well, i've got to say," you know, a lot of people, mike barnicle, attacked the president and congress for not working together, but they did come up with a plan that would have been remarkably stupid to an act as a worst-case scenario, and they worked together to create that fail safe plan and they're going to implement it. >> but the part that i don't understand, mike, you talk about the republicans saying, well, this t
the economy's upside down down right now. we're in negative growth this last quarter. >> it's really a bad idea right now to do this thing. and also as they were saying, it's deliberately written i guess to make it ridiculous so that you can't say let's take out one of our stupid tank programs we don't need. you can't do that. >> but that doesn't seem to be inspiring action. i mean, i asked what are they -- what's the alternative? i'm sure that they've been working with members of...
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Feb 20, 2013
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sure, let's run up the markets. >> they're looking at the economy and seeing a strong economy. >> and they used to be scared by washington. up next. >> republican's going to be the same think. >> up next, the student loan controversy. business before the bell with brian sullivan. we're going to be right back. none of us would want to be told we can't marry the person we love. that's why a growing majority of americans believe it's time to allow marriage for gay and lesbian couples. laura bush: when couples are committed they ought to have i think the same sort of rights that everyone has. colin powell: allowing them to live together with the protection of law, it seems to me is the way we should be moving in this country. dick cheney: freedom means freedom for everyone. barack obama: our journey is not complete until our gay brothers and sisters are treated like anyone else under the law. it's time for marriage. meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activate
sure, let's run up the markets. >> they're looking at the economy and seeing a strong economy. >> and they used to be scared by washington. up next. >> republican's going to be the same think. >> up next, the student loan controversy. business before the bell with brian sullivan. we're going to be right back. none of us would want to be told we can't marry the person we love. that's why a growing majority of americans believe it's time to allow marriage for gay and...
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Feb 18, 2013
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one, what does it do to the economy in the long term and short term? most economists now are saying, as bad as the defense industry believes it's going to be, as bad as you could argue it's going to be for some of the poorest people in this country, if you have the discussion we were having during the commercial break about krugman and how much debt you want to have, there is an argument to be made that if you want to start tackling it, tackle it, and the world is not going to stop. there is an argument to be made about that. the question is, when do you want to tackle it? some people would say, start tackling it now. but if you don't want to tackle it now and you want to push it out a year, you know, how much does that really advance the cause? >> you bring up krugman. he says let's not tackle it until 2025. >> he wouldn't tackle it for a very long time. >> is 2025 an option for most of the people that you -- >> probably not. >> probably not? >> the problem is that confidence in the markets doesn't evaporate in years or months. it evaporates in weeks
one, what does it do to the economy in the long term and short term? most economists now are saying, as bad as the defense industry believes it's going to be, as bad as you could argue it's going to be for some of the poorest people in this country, if you have the discussion we were having during the commercial break about krugman and how much debt you want to have, there is an argument to be made that if you want to start tackling it, tackle it, and the world is not going to stop. there is an...
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Feb 17, 2013
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what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ if we took the nissan altima and reimagined nearly everything in it? gave it greater horsepower and class-leading 38 mpg highway... advanced headlights... and zero gravity seats? yeah, that would be cool. introducing the completely reimagined nissan altima. it's our most innovative altima ever. nissan. innovation that excites. ♪ nissan. innovation that excites. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark
what we need are people prepared for the careers of our new economy. by 2025 we could have 20 million jobs without enough college graduates to fill them. that's why at devry university, we're teaming up with companies like cisco to help make sure everyone's is ready with the know how we need for a new tomorrow. [ male announcer ] make sure america's ready. make sure you're ready. at devry.edu. ♪ if we took the nissan altima and reimagined nearly everything in it? gave it greater horsepower...
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Feb 19, 2013
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economy and focus on pursuing guilty pleas for those who break the law instead of settling for fines and reforms. the lawyers say they're already making changes to their defense strategies. >>> the washingt"washington pos united arab emirates spreading gifts throughout the world. it gave 5 million dollars to build a neonative intensive care hospital in joplin, missouri devastated two years ago. they also donated $1 million to buy laptop computers for the town's students in joplin, among several gifts given by the uae, a country that works to raise its profile as a pro-western country. >> what they've been doing in joplin is amazing. >>> and mississippi has officially ratified the 13th amendment that abolishes slavery. >> that must have been a heck of a clerical error. what's the luck, seriously, that the clerical error would prevent them from ratifying the 13th amendment, could have been the 23rd. >> they ratified it and forget to send it. >> it was passed in 1864 and not formally ratified by mississippi until 1995 making it the last state to do so. the error was apparently noticed b
economy and focus on pursuing guilty pleas for those who break the law instead of settling for fines and reforms. the lawyers say they're already making changes to their defense strategies. >>> the washingt"washington pos united arab emirates spreading gifts throughout the world. it gave 5 million dollars to build a neonative intensive care hospital in joplin, missouri devastated two years ago. they also donated $1 million to buy laptop computers for the town's students in joplin,...
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Feb 23, 2013
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you could that trickle down to the economy? >> when you talk about small businesses and how they'll be impacted by the sequester cuts you have to kind of take into consideration that there are 20 to 30 million small businesses. so people that are doing work in certain areas, certain regions or certain industries that might be affected by a government cutback, those people will be affected, but if you're a small business owner and the accountant and the lawyer, even, a lot of them aren't going to be seeing a whole lot of effect of any cuts coming out. >> let's take a look at what the white house had to say about that. they say, quote, the automatic cuts triggered by a sequester would reduce loan guarantees to small businesses by up to $102 million. what do you have to say about that effect? >> it could reduce loan guarantees and that's exactly right expect and that depends on small businesses looking for loans. we're still in a credit crunch right now. a lot of the businesses that i know and i write about that a lot of my client
you could that trickle down to the economy? >> when you talk about small businesses and how they'll be impacted by the sequester cuts you have to kind of take into consideration that there are 20 to 30 million small businesses. so people that are doing work in certain areas, certain regions or certain industries that might be affected by a government cutback, those people will be affected, but if you're a small business owner and the accountant and the lawyer, even, a lot of them aren't...